Erik wanted me to take a look at Autodesk:
I’ve been holding Autodesk since before the split… I looking to sell but I’m wondering if there’s more upside…
ADSK is one of those stocks that I kick myself over. I’ve been watching this thing go up for what seems like forever. I even highlighted it back in September when it was making new all-time highs. Even with the latest slide it’s still up 30% from when I highlighted it. At its peak it was up over 59% from that day in September.
So now what? There’s certainly reason for new ADSK bulls to be concerned. The picture is very mixed right now. I’d probably cut & run if I just bought it recently and it closed under 30 because I don’t see much support until 25 or so.

I’m going to be watching this one closely. I’d like to try it as a long if it can climb back above its 50-day moving average.


